iHeartMedia, Inc. (formerly CC Media Holdings, Inc.) is an American mass media company headquartered in San Antonio, Texas. It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. "Red" McCombs in 1972, and later taken private by Bain Capital, LLC and Thomas H. Lee Partners through a leveraged buyout in 2008. As a result of this buyout, Clear Channel Communications began to operate as a wholly owned subsidiary of CC Media Holdings. On September 16, 2014, CC Media Holdings was rebranded iHeartMedia, Inc., while Clear Channel Communications became iHeartCommunications, Inc.